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WASHINGTON (Reuters) – From Pataskala, Ohio, to Conroe, Texas, local government leaders worry that if Republican tax-overhaul plans moving through the U.S. Congress become law, it will be harder for them to pave streets, put out fires, fight crime and

An ITEP analysis reveals that four states would see their residents pay more in aggregate federal personal income taxes under the House’s Tax Cuts and Jobs Act. While some individual taxpayers in every state would face a tax increase, only California, New York, Maryland, and

Nearly 29 Million Taxpayers Will Lose Deduction; Middle Class Hit Much Harder Than Top 1 Percent WASHINGTON – A new analysis of the House tax plan released today by the Institute on Taxation and Economic Policy (ITEP) finds that nearly 29 million

November 9, 2017 Dear Member of Congress: Reports that the Senate tax bill will fully eliminate the state and local tax (SALT) deduction should serve as a warning flare that, once compromised, this longstanding, principle-based deduction could become a piggy

As part of its tax reform efforts, Congress is debating whether to eliminate the ability for taxpayers to deduct state and local taxes (SALT). Similar efforts have been attempted in the past, and they failed each time — for a simple reason. If SALT were repealed, almost 30% of taxpayers, including individuals in every state and in all income brackets, would be adversely impacted. In 2015, the most recent year for which data are available, that included over 44 million tax units representing well over 100 million Americans. Additionally, more than 50% of the total amount of the SALT deduction went to…